BMO Capital Markets Reaffirms “Buy” Rating for Coty Inc. (COTY)

BMO Capital Markets reissued their buy rating on shares of Coty Inc. (NYSE:COTY) in a research note released on Sunday.

Several other research firms have also recently commented on COTY. BidaskClub raised shares of Coty from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the company a buy rating in a research note on Monday, August 21st. Royal Bank Of Canada reissued a sector perform rating and set a $22.00 price target on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research cut shares of Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG restated a buy rating and issued a $20.00 price objective (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $19.30.

Shares of Coty (NYSE:COTY) opened at $16.95 on Friday. Coty has a 52 week low of $14.24 and a 52 week high of $20.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The company has a market cap of $12,540.49, a P/E ratio of 30.45, a PEG ratio of 1.69 and a beta of 0.31.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. Coty’s revenue was up 107.3% compared to the same quarter last year. analysts anticipate that Coty will post 0.67 EPS for the current fiscal year.

WARNING: “BMO Capital Markets Reaffirms “Buy” Rating for Coty Inc. (COTY)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://sportsperspectives.com/2017/11/15/bmo-capital-markets-reaffirms-buy-rating-for-coty-inc-coty.html.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.95%. Coty’s dividend payout ratio (DPR) is presently -83.33%.

In other news, CEO Camillo Pane bought 48,485 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $16.50 per share, for a total transaction of $800,002.50. Following the completion of the acquisition, the chief executive officer now owns 336,142 shares in the company, valued at approximately $5,546,343. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ayesha Zafar bought 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the completion of the acquisition, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $171,100. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,979,505 shares of company stock worth $48,661,242. Company insiders own 1.00% of the company’s stock.

Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply